63 Tallow Ct Unit 3-6F · Woodlawn, MD 21244

$189,900

2 bd · 2.0 ba · 1,456 sqft · Condo public records · 35 Days on market

Built 1980 $130/sqft · 27% below area Est $259k · 27% under $226/mo HOA · 11% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +13.8/30.0
• 1% rule +5.4/10.0
• DSCR +4.2/10.0
• Livability +3.9/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * * Fully Renovated * * * Condo Townhouse with 2 Bedroom, 2 Full Bath located in Candlewood subdivision. Spacious living area with Wood Burning fireplace, New flooring, New Kitchen, Stainless Steel Appliances and granite counter top, Fresh paint, New Bathroom, New Lights and fixtures. Just minutes from all major conveniences, commuter routes, easy access to 695, minutes from Security Mall and Diamond Ridge Golf Course.

Key facts

• $226 HOA
• Parking
• Community pool

Property features AI

Finance

• Other: Improvement and land assessed values available (assessor sources); County tax listed (2025)
• HOA & community: Monthly condo fee of $226; HOA covers trash, exterior building maintenance, lawn maintenance, and snow removal

Exterior

• Parking: Assigned parking in a parking lot (space #63)
• Utilities: Public water; Public sewer; Electric service for heating, cooling, and hot water
• Home design: Condominium ownership; Interior townhouse/rowhouse; Above-grade finished living area noted (source: assessor)
• Construction: Foundation: Other; Other structures above and below grade; Year built source: Assessor
• Exterior features: Community swimming pool; Recreational center; Pets allowed on a case-by-case basis

Interior

• Bedrooms: Two bedrooms on the main level
• Bathrooms: Two full bathrooms on the main level; Two full bathrooms total
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Electric hot water
• Interior features: One fireplace; No basement

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $190k.

Deal economics

• At list price, monthly cash flow is $17 ($201/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $184k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.4% vs local median 4.3% in Woodlawn — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#78 in MD, #2,926 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, employment A-; Watch: amenities D+, crime F.
• Baltimore County Public Schools (suburban): math 15% / reading 34% proficiency, ranked #11 of 24 in MD (top 46%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+3.9%/yr); 74 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,511 units permitted in Baltimore County in 2024 (643 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Baltimore County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 29y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $130k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,203 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 6.40%
• Cash-on-cash: 0.38%
• DSCR: 1.02
• GRM: 8.0

CMA / ARV

• ARV (median comp): $258,960
• List price: $189,900
• Delta: -26.67%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.86% rent growth · sell at horizon

5-year hold

• IRR: -14.5%
• Equity multiple: 0.48×
• Total profit: $-27,816
• Equity at exit: $28,315

10-year hold

• IRR: -4.1%
• Equity multiple: 0.72×
• Total profit: $-14,976
• Equity at exit: $16,419

Cash invested: $53,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Maryland: 27 Tenant-Leaning · D+14
• County: — inherits STATE
• City: — inherits STATE

Failure-to-pay is dismissed if cured before judgment; Baltimore has just-cause; strict deposit rules.

Methodology + full state rankings →

ZIP-level market 21244

• Home prices YoY: -30.2%
• Rents YoY: 3.9%
• Active inventory: 74
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,971 high
• Mortgage (P&I): −$996
• Tax from tax record: −$240 /mo · $2,875/yr
• Insurance: −$79
• HOA: −$226
• Vacancy / Maint / Mgmt: −$414
• Net cashflow: $17

Break-even live

Break-even rent $1,950

Max offer price $189,900

Occupancy floor 94%

Sensitivity live

Price	-10% $124	-5% $70	+0% $17	+5% $-37	+10% $-91
Rent	-10% $-139	-5% $-61	+0% $17	+5% $95	+10% $172
Rate	-1.0pp $112	-0.5pp $65	base $17	+0.5pp $-32	+1.0pp $-83

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7106 Rolling Bend Rd Windsor Mill, MD	1.0–2.0	1.0–2.0	731	$1,814	$2.48	3d	21	0.56mi
6957 Rockfield Rd Windsor Mill, MD	3.0	1.5	1024	$2,400	$2.34	20d	1	0.60mi
2340 Noonham Rd Windsor Mill, MD	2.0–3.0	1.5	1033	$1,500	$1.45	3d	29	0.69mi
1 Kafern Dr Gwynn Oak, MD	1.0–3.0	1.0–2.0	765	$1,604	$2.10	3d	8	0.72mi
2420 Bibury Ln Windsor Mill, MD	1.0–3.0	1.0–2.0	979	$1,680	$1.72	2d	76	0.74mi
2602 Camberwell Ct Windsor Mill, MD	2.0	1.5	1022	$1,950	$1.91	24d	1	0.91mi
2612 Camberwell Ct #2612 Windsor Mill, MD	3.0	1.5	1036	$2,300	$2.22	22d	1	0.92mi
2621 Hallam Ct Baltimore, MD	2.0	1.5	1022	$1,800	$1.76	24d	1	0.98mi
1600 Cantwell Rd Windsor Mill, MD	1.0–2.0	1.0–2.0	859	$1,944	$2.26	2d	44	1.03mi
7507 Fairbrook Rd Windsor Mill, MD	1.0–2.0	1.0	772	$1,482	$1.92	2d	15	1.04mi
32 Rocky Brook Ct Windsor Mill, MD	3.0	4.0	1450	$2,450	$1.69	44d	1	1.06mi
2800 Ashfield Dr Windsor Mill, MD	2.0	2.0	1078	$2,074	$1.92	5d	8	1.09mi
7310 Inwood Ave Catonsville, MD	3.0	2.5	1028	$2,700	$2.63	15d	1	1.12mi
1 Duke of Windsor Ct Gwynn Oak, MD	1.0–3.0	1.0–2.0	775	$1,662	$2.14	3d	20	1.14mi
2531 Sarrington Cir Windsor Mill, MD	2.0–3.0	1.5–2.0	1000	$1,330	$1.33	2d	103	1.18mi
7862 Cornerstone Way Unit 7-7862 Windsor Mill, MD	2.0	2.0	953	$1,900	$1.99	44d	1	1.21mi
14 Gemstone Ct Windsor Mill, MD	2.0	2.5	1636	$2,550	$1.56	44d	1	1.22mi
7418 Hindon Cir Unit B1203 Windsor Mill, MD	2.0	2.0	1139	$2,000	$1.76	44d	1	1.22mi
2701 Claybrooke Dr Windsor Mill, MD	3.0	2.5	1664	$2,400	$1.44	5d	1	1.24mi
2 Mountbatten Ct Gwynn Oak, MD	3.0	2.0	1000	$2,200	$2.20	4d	1	1.27mi
4 Big Stone Ct Catonsville, MD	3.0	2.0	1560	$2,800	$1.79	18d	1	1.28mi
6330 Windsor Mill Rd Woodlawn, MD	3.0	1.0	1200	$1,600	$1.33	44d	1	1.31mi
2 Walden Birch Ct Woodlawn, MD	3.0	1.5	1022	$1,792	$1.75	5d	1	1.31mi
7206 Rutherford Green Cir Windsor Mill, MD	3.0	2.5	1372	$3,000	$2.19	24d	1	1.39mi
2055 Wisper Woods Way Windsor Mill, MD	3.0	2.5	1800	$2,850	$1.58	44d	1	1.42mi
6463 Woodgreen Cir Gwynn Oak, MD	3.0	2.5	1230	$1,900	$1.54	18d	1	1.48mi

HOA detail condo

• Monthly dues: $226 · $2,712/yr
• Likely covers: security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $189,900 Active 35 DOM
2. 2026-06-17
   days on market $189,900 Active 34 DOM
3. 2026-06-16
   days on market $189,900 Active 33 DOM
4. 2026-06-15
   days on market $189,900 Active 32 DOM
5. 2026-06-13
   days on market $189,900 Active 30 DOM
6. 2026-06-09
   days on market $189,900 Active 26 DOM
7. 2026-06-08
   days on market $189,900 Active 25 DOM
8. 2026-06-07
   days on market $189,900 Active 24 DOM
9. 2026-06-04
   days on market $189,900 Active 21 DOM
10. 2026-06-03
    days on market $189,900 Active 20 DOM
11. 2026-06-02
    days on market $189,900 Active 19 DOM
12. 2026-06-01
    days on market $189,900 Active 18 DOM
13. 2026-05-31
    days on market $189,900 Active 17 DOM
14. 2026-05-15
    listed $189,900 Active 371-char remark
15. 2026-05-11
    historical $189,900 371-char remark
16. 2019-12-11
    soldstatus $130,000
17. 2019-11-21
    soldstatus $130,000 Closed 429-char remark

    Show marketing remark (429 chars)

    * * * Fully Renovated * * * Condo Townhouse with 2 Bedroom, 2 Full Bath located in Candlewood subdivision. Spacious living area with Wood Burning fireplace, New flooring, New Kitchen, Stainless Steel Appliances and granite counter top, Fresh paint, New Bathroom, New Lights and fixtures. Just minutes from all major conveniences, commuter routes, easy access to 695, minutes from Security Mall and Diamond Ridge Golf Course.

18. 2019-10-30
    status Pending 429-char remark

    Show marketing remark (429 chars)

    * * * Fully Renovated * * * Condo Townhouse with 2 Bedroom, 2 Full Bath located in Candlewood subdivision. Spacious living area with Wood Burning fireplace, New flooring, New Kitchen, Stainless Steel Appliances and granite counter top, Fresh paint, New Bathroom, New Lights and fixtures. Just minutes from all major conveniences, commuter routes, easy access to 695, minutes from Security Mall and Diamond Ridge Golf Course.

19. 2019-10-11
    listed $130,000 Active 429-char remark

    Show marketing remark (429 chars)

    * * * Fully Renovated * * * Condo Townhouse with 2 Bedroom, 2 Full Bath located in Candlewood subdivision. Spacious living area with Wood Burning fireplace, New flooring, New Kitchen, Stainless Steel Appliances and granite counter top, Fresh paint, New Bathroom, New Lights and fixtures. Just minutes from all major conveniences, commuter routes, easy access to 695, minutes from Security Mall and Diamond Ridge Golf Course.

20. 1998-04-29
    historical
21. 1997-03-20
    listed

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MD · Partial reset (capped growth)

• Current annual tax: $2,875 · $240/mo
• Projected year-2 tax: $2,875 · $240/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,655
• − Mortgage interest: −$10,637
• − Property taxes: −$2,875
• − Insurance: −$950
• − Repairs & maintenance: −$1,892
• − Management: −$1,892
• − HOA: −$2,712
• − Depreciation: −$5,524
• Taxable loss: −$2,828
• Est. tax savings @ 24.0%: +$679
• After-tax cash flow: $879/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Baltimore County Public Schools
• NCES district ID: 2400120
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $66,746
• Composite: 23.17/100
• National rank: #7948
• State rank: #11 of 24 in MD

Livability — Woodlawn

• Score: 77/100
• State rank: #78
• US rank: #2926

Category grades

Amenities D+ Commute A+ Cost of living B- Crime F Employment A- Housing A+ Health & safety C User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Woodlawn, MD
• County: Baltimore County · 769,527 people
• City population: 49,599
• Metro: Baltimore-Columbia-Towson, MD
• Population (ZIP): 38,208
• Household income: $85,114
• Rent vs Own: 51.0% rent · 49.0% own
• Severe rent burden: 1434.0

Population outlook (Baltimore County) Hauer SSP2

• Today (2025): 885,518 people
• By 2030: 909,272 · +2.7%
• By 2040: 951,547 · +7.5%
• By 2050: 990,955 · +11.9%
• By 2075: 1,086,411 · +22.7%
• By 2100: 1,135,078 · +28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (70%)
• Race & ethnicity: Black 70% Hispanic / Latino 12% White 9% Asian 7% Two or more races 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 1%
• Foreign-born: 17% · Canada
• Languages at home: 78% English-only · Spanish 9% Other Indo-European 5% French/Haitian/Cajun 2%

Political lean MEDSL · Baltimore

• 2024 margin: Strong D (+24.5) · D 61.0% · R 36.5% · Other 2.5%
• 2008→2024 swing: +9.9pp toward D · 2008: 14.6pp · 2024: 24.5pp
• All cycles: 2024: D+24.5 2020: D+27.0 2016: D+17.4 2012: D+16.4 2008: D+14.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -111.97%
• Current HPI: 258.8502
• Rent YoY: ▲ 3.86%
• Metro: Baltimore-Columbia-Towson, MD
• State GDP YoY: ▲ 2.97%
• F500 in state: 12

Industry mix (Fortune 500 HQ in MD)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	1	$71B
▸Utilities	1	$25B
▸Hotels	1	$24B
▸Consumer Goods	1	$7B
▸Real Estate	1	$6B
▸Chemicals	1	$2B

Price history

+46.1% since first listed

8 events — show timeline

• 2026-05-15 Listed $189,900 BRIGHT MLS
• 2026-05-11 Coming Soon $189,900 BRIGHT MLS
• 2019-12-11 Sold (Public Records) $130,000 Public Records
• 2019-11-21 Sold (MLS) $130,000 BRIGHT MLS
• 2019-10-30 Pending — BRIGHT MLS
• 2019-10-11 Listed $130,000 BRIGHT MLS
• 1998-04-29 Delisted — MRIS
• 1997-03-20 Listed — MRIS

Property tax history

+3.7%/yr

Latest (2025): $2,875 · +4.5% YoY. Source: county tax records.